Question
A man agreed to pay the loan he is borrowing from a bank in six equal year-end payments of P71,477.70. Interest is 18% per annum,
A man agreed to pay the loan he is borrowing from a bank in six equal
year-end payments of P71,477.70. Interest is 18% per annum, compounded annually, and is included in the yearly amount he will be paying the bank. How much money is the man borrowing from the bank?
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
